Exchange Rate in Philippines
In April, inflation subsided further to 6.6% (March: 7.6%) on cooling price pressures for food and housing and utilities. Our panel sees the headline rate easing from current levels by Q4 2023 but averaging marginally higher this year than in 2022. Lower commodity prices and government subsidies should keep a lid on inflationary pressures. Currency weakness is an upside risk.
Philippines Exchange Rate Chart
This chart displays Exchange Rate (vs USD) for Philippines from 2013 to 2022.
Philippines Exchange Rate Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Exchange Rate (PHP per USD, eop) | 49.9 | 52.6 | 50.6 | 48.0 | 51.0 |